http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Mon, 23 Oct 2017 08:00:53 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Lithium Australia acquires majority ownership in Mexican lithium project ]]> http://www.proactiveinvestors.com.au/companies/news/185613/lithium-australia-acquires-majority-ownership-in-mexican-lithium-project-185613.html Lithium Australia NL (ASX:LIT) has acquired a 54% controlling stake in the Electra lithium clay project in northwest Mexico.

Recent drilling at the project had yielded a new 2.5 kilometre long thick zone of mineralisation with commercial potential.

The project comprises the Tecolote, Tule, and Agua Fria concessions and is currently the subject of a farm-in and joint venture with Canada based Alix Resources Corp (CVE:AIX).

Lithium Australia has the right to earn an ultimate 65% holding in Electra under the JV terms.

Adrian Griffin, managing director, commented: “The move to majority ownership at Electra and the emergence of the western flank of Agua Fria as a significant discovery with near-term potential, reflects the depth and scope of the company’s unerring growth strategy to build a lithium business based on breakthrough processing technologies applicable to unconventional and once considered uneconomic feedstock sources, and to de-risk our strategy by evolving partnerships and project interests across the globe, as well as our flagship lithium interests across Western Australia.”

Initial drill program

Lithium Australia moved to the majority 54% ownership on completion of a recent drilling program.

This generated confirmation of a new 2.5 km long mineralised zone between 25-50 metres thick on the western flank of the Agua Fria concession.

This “West Flank” lithium target is the most significant commercial target as it outcrops and has the potential to deliver a mineral resource with low stripping ratios.

Future plans

Future efforts on the West Flank target will focus on identifying the stratigraphy and controls of higher grade lithium values close to surface, with zero to minimal strip ratio by open pit mining.

A large sample is currently being composited for further metallurgical studies.

In addition to significant lithium values, the clay horizons at Agua Fria are anomalous in potassium which may be recoverable as potassium sulphate, a major component of “NPK” fertilisers.

This potentially adds a valuable by-product credit to the project’s economics.

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Mon, 16 Oct 2017 15:32:00 +1100 http://www.proactiveinvestors.com.au/companies/news/185613/lithium-australia-acquires-majority-ownership-in-mexican-lithium-project-185613.html
<![CDATA[News - Lithium Australia to benefit from Galaxy Resources investment ]]> http://www.proactiveinvestors.com.au/companies/news/185551/lithium-australia-to-benefit-from-galaxy-resources-investment-185551.html Lithium Australia (ASX:LIT) will be positively impacted by Galaxy Resources’ (ASX:GXY) decision to take a direct stake in Lepidico (ASX: LPD), owner of the L-Max® lithium processing method.

Earlier this week, the ASX200 lithium miner Galaxy outlined its intention to take a direct 12% stake in Lepidico.

Lepidico developed the L-Max® metallurgical process that produces lithium carbonate from nonconventional sources such as mica.

The move boosts Lithium Australia’s leverage to the upside in Australian and global lithium processing research and development as it holds the rights to three L-Max® licences.

Adrian Griffin, managing director, commented

“The investment by Galaxy into Lepidico, which is progressing the commercialisation of LMax®, is to be applauded as is Lepidico's long overdue move to fund finalisation of feasibility studies into an L-Max pilot plant.

“Lithium Australia will benefit from any improvements made to the L-Max process under its agreement with Lepidico.

“Lithium Australia holds an exclusive right to utilize L-Max® in Western Australia.

“The Galaxy investment highlights the need for processing solutions for alternative lithium supply sources.

“There may be synergies and opportunities in Lithium Australia providing a processing route inside Western Australia for Galaxy’s surplus mica material at Mt Cattlin to ensure an economic outcome for current waste material.”

Why this benefits Lithium Australia

Lithium Australia holds the rights to three L-Max® licences.

One of these L-Max® licences is for use in Western Australia which is an exclusive right to use Lepidico’s L-Max technology until July 2020, which right will be extended for a further 20 years if Lithium Australian commits to build an L-Max plant anywhere in the world during the initial period.

Western Australia is the world’s largest single source of hard rock lithium supply.

This gives Lithium Australia an exclusive commercial opportunity to establish L-Max® based processing facilities inside Western Australia from potential supply sources such as Galaxy.

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Fri, 13 Oct 2017 17:15:00 +1100 http://www.proactiveinvestors.com.au/companies/news/185551/lithium-australia-to-benefit-from-galaxy-resources-investment-185551.html
<![CDATA[News - Lithium Australia progressing due diligence on acquisition on the Very Small Particle Company ]]> http://www.proactiveinvestors.com.au/companies/news/184870/lithium-australia-progressing-due-diligence-on-acquisition-on-the-very-small-particle-company-184870.html Lithium Australia NL (ASX:LIT) is positioning itself to add further to its portfolio of disruptive lithium extraction technologies.

In August the company proposed to acquire the unlisted public company Very Small Particle Company (VSPC), a researcher and developer of some of the world’s most innovative and respected new-era cathode material for Li-ion batteries.

VSPC’s intellectual property facilitates the production of battery cathode material.

Since agreeing the terms of the transaction, Lithium Australia has been undertaking due diligence to support the veracity of the acquisition.

The company said that the investigations have been progressing well, with a very positive outcome to date.

A number of tasks have not been completed in accordance with the original schedule and the due diligence period has been extended a further three weeks whilst, amongst other things, the company awaits the results from cathode testing in Germany.

The proposed acquisition would provide the company with widespread energy metal capability including processing expertise for both fresh and waste ore, and recycling entry points into energy metals and cathode supply for global battery markets.

Plant and testing facility

The proposed acquisition includes a decommissioned pilot plant in Brisbane designed to produce complex metal oxides/phosphates for cathode production.

The plant, which incorporates Australia’s most advanced Li-ion battery-laboratory and testing facility, which can establish the quality, performance and reliability of cells produced using the VSPC technology.

The laboratory includes cathode coating equipment and cell production capacity.

Consideration

Subject to satisfactory due diligence and any required regulatory approvals, LIT and VSPC have agreed under a non-binding term sheet for LIT to purchase up to 100% of all issued capital of VSPC.

There is a minimum acceptance condition of 75% of VSPC share capital, for consideration of:

- A non-refundable cash payment of up to $45,000 depending on the length of the due diligence period; and
- The issue of up to 61,151,326 LIT shares and up to 30,575,663 $0.25 partly paid LIT shares (paid to $0.0001).

Additional funding

Lithium Australia has also received a $1.5 million loan facility with immediate access to $1.2 million from Innovative Technology Funding Pty Ltd, which continues the company's active review of its capital management program.

The funding is via a drawdown facility offset against the 2016/2017 research and development (R&D) rebate and provides access to working capital ahead of the rebate being finalised.

This facility will be extinguished upon receipt of the R&D rebate, which is currently expected within two months.

The drawdown mechanism further strengthens the company's short-term working capital in conjunction with its At-The-Market facility which is currently being used to fund fixed overheads.

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Mon, 02 Oct 2017 09:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/184870/lithium-australia-progressing-due-diligence-on-acquisition-on-the-very-small-particle-company-184870.html
<![CDATA[News - Lithium Australia NL and Poseidon Nickel team up for lithium exploration in Lake Johnston ]]> http://www.proactiveinvestors.com.au/companies/news/183874/lithium-australia-nl-and-poseidon-nickel-team-up-for-lithium-exploration-in-lake-johnston-183874.html Lithium Australia NL (ASX:LIT) and Poseidon Nickel (ASX:POS) have signed a memorandum of understanding to jointly evaluate the lithium potential of the Lake Johnston region in Western Australia.

Under the MOU, the companies will undertake due diligence and negotiate key terms to explore lithium hosted pegmatites on tenements held by both Poseidon and LIT at Lake Johnston and Ravensthorpe.

The partnership enhances the progress towards establishing Lake Johnston as a central lithium processing hub.

Importantly, the region’s exploration upside shows potential for a low capital cost entry into the global lithium market.

Adrian Griffin, managing director, commented:

“LIT has great confidence in the resource potential of the Lake Johnston area, and indeed Western Australia’s broader Dundas region.

“Together with Poseidon Nickel, we hope to take a very cost effective first step into the lithium ion battery manufacturing chain.”

Lake Johnston concentrator

The parties will also assess the viability of utilising Poseidon’s 1.5 million tonnes per annum Lake Johnston concentrator (which is currently on care and maintenance).

The concentrator can potentially be used to process lithium ores and produce a saleable lithium concentrate.

The Lake Johnston facility includes 3 ball mills, 2 flotation circuits, multiple thickeners, filters and a large concentrate storage facility.

Additional infrastructure at Lake Johnston includes existing tailings disposal cells, a bore field and water treatment plant, large mine workshop and maintenance facilities and administration buildings.

The site power is supplied by a local power station.

Analysis

LIT’s and Poseidon’s combined tenement package at Lake Johnston and Ravensthorpe covers an area of circa 1,000 square kilometres.

The combining of assets significantly improves each company’s prospectivity for discovering lithium mineralisation.

The move is the latest under LIT’s strategy to underpin lithium chemical production from all lithium silicates, including lithium micas and spodumene.

The company has developed the SiLeach® process to capitalise on lithium sources not previously exploited for the production of lithium chemicals.

In parallel with its processing technology, LIT’s exploration program is designed to develop long-term lithium supply assurance, regardless of the variability of future third party supply.

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Wed, 13 Sep 2017 11:43:00 +1000 http://www.proactiveinvestors.com.au/companies/news/183874/lithium-australia-nl-and-poseidon-nickel-team-up-for-lithium-exploration-in-lake-johnston-183874.html
<![CDATA[News - Lithium Australia NL to add battery cathode technology to disruptive portfolio ]]> http://www.proactiveinvestors.com.au/companies/news/183200/lithium-australia-nl-to-add-battery-cathode-technology-to-disruptive-portfolio-183200.html Lithium Australia NL (ASX:LIT) is further enhancing its technology portfolio with the proposed acquisition of a Brisbane battery cathode developer.

The company proposes to acquire the unlisted public company VSPC, a researcher and developer of some of the world’s most innovative and respected new-era cathode material for Li-ion batteries.

VSPC’s intellectual property facilitates the production of battery cathode material.

LIT's strategy currently incorporates the development of disruptive extraction technology, and has now expanded from the processing of natural resources to include the recycling of battery materials.

The new asset is designed to provide full-circle capability for the company via recycling of energy metals.

Adrian Griffin, managing director for LIT, commented:

"The envisaged transaction would allow LIT to participate in the efficient production and total utilisation of Li-ion batteries, with the best technologies integrated to achieve that outcome.

"The entire focus of LIT’s development pathway to date has been that of unlocking the value in lithium minerals previously consigned to the too-hard basket.

"The proposed acquisition would provide the company with full capability across all R&D, access to both fresh and waste ore, and recycling entry points into energy metals and cathode supply for global battery markets.

"LIT’s proposed acquisition of VSPC remains subject to due diligence, plus any required shareholder and regulatory approvals and acceptances."

Plant and testing facility

The proposed acquisition includes a decommissioned pilot plant in Brisbane designed to produce complex metal oxides/phosphates for cathode production.

The plant, which incorporates Australia’s most advanced Li-ion battery-laboratory and testing facility, which can establish the quality, performance and reliability of cells produced using the VSPC technology.

The laboratory includes cathode coating equipment and cell production capacity.

Consideration

Subject to satisfactory due diligence and any required regulatory approvals, LIT and VSPC have agreed under a non-binding term sheet for LIT to purchase up to 100% of all issued capital of VSPC.

There is a minimum acceptance condition of 75% of VSPC share capital, for consideration of:

- A non-refundable cash payment of up to $45,000 depending on the length of the due diligence period; and
- The issue of up to 61,151,326 LIT shares and up to 30,575,663 $0.25 partly paid LIT shares (paid to $0.0001).

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Thu, 31 Aug 2017 10:50:00 +1000 http://www.proactiveinvestors.com.au/companies/news/183200/lithium-australia-nl-to-add-battery-cathode-technology-to-disruptive-portfolio-183200.html
<![CDATA[News - Lithium Australia set to pounce on acquisition ]]> http://www.proactiveinvestors.com.au/companies/news/183061/lithium-australia-set-to-pounce-on-acquisition-183061.html Lithium Australia NL (ASX:LIT) is poised to add to its portfolio, with the ASX granting the company a trading halt pending details of an acquisition.

The company is applying disruptive processing technologies to the production of lithium chemicals on a commercial scale.

The halt will remain in place until the opening of trade on Thursday 31st August 2017, or earlier if an announcement is made to the market.

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Tue, 29 Aug 2017 12:49:00 +1000 http://www.proactiveinvestors.com.au/companies/news/183061/lithium-australia-set-to-pounce-on-acquisition-183061.html
<![CDATA[News - Lithium Australia NL to reveal assays from Ravensthorpe in early August ]]> http://www.proactiveinvestors.com.au/companies/news/181529/lithium-australia-nl-to-reveal-assays-from-ravensthorpe-in-early-august-181529.html Lithium Australia NL (ASX:LIT) has some major exploration news pending, following the company wrapping up a reverse drilling program covering 26 holes for 959 metres at the wholly-owned Ravensthorpe project in Western Australia.

The drilling program was designed to define the structural and geological setting of the Horseshoe pegmatite and to test for economic lithium mineralisation.

The pegmatite is flat-lying with a footprint of 800 x 800 metres, and contains both lepidolite and spodumene.

Adrian Griffin, managing director, commented:

"The large footprint, substantial thickness and shallow dip of the Horseshoe Pegmatite, provides an excellent target.

"The identification of lithium minerals within the Pegmatite clearly demonstrates the very strong similarity to the pegmatite being mined nearby at Mt Cattlin, by Galaxy Resources (ASX:GXY).

"The Ravensthorpe area is showing a lot of promise and we look forward to improved weather conditions later in the year to enable the resumption of drilling which will focus on Deep Purple."

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Thu, 27 Jul 2017 12:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/181529/lithium-australia-nl-to-reveal-assays-from-ravensthorpe-in-early-august-181529.html
<![CDATA[News - Lithium Australia NL's shares jump as drilling nears at Ravensthorpe Lithium ]]> http://www.proactiveinvestors.com.au/companies/news/180571/lithium-australia-nl-s-shares-jump-as-drilling-nears-at-ravensthorpe-lithium-180571.html Lithium Australia NL (ASX:LIT) is preparing to drill in a world-class lithium region, and investors are snapping up the stock.

The company's shares are trading 36% higher at $0.15 in afternoon trade, following the confirmation drilling will commence at the Horseshoe Pegmatite this week.

Horseshoe is part of LIT’s Ravensthorpe Lithium Project.

The lithium mineralisation is hosted by the Cocanarup pegmatite swarm, which is within the same geological sequence as Galaxy Resources’ (ASX:GXY) Mt Cattlin lithium mine located 18 kilometres to the northeast.

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Mon, 10 Jul 2017 13:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180571/lithium-australia-nl-s-shares-jump-as-drilling-nears-at-ravensthorpe-lithium-180571.html
<![CDATA[News - Lithium Australia NL makes a break through at Ravensthorpe ]]> http://www.proactiveinvestors.com.au/companies/news/178360/lithium-australia-nl-makes-a-break-through-at-ravensthorpe-178360.html Lithium Australia NL (ASX:LIT) has confirmed the Horseshoe Pegmatite, once thought to be three separate bodies, is a single, flat lying pegmatite.

The Horseshoe Pegmatite Prospect is part of the Ravensthorpe Lithium Project located 500 kilometres southeast of Perth, Western Australia.

The pegmatite is flat-lying with a footprint of 800 x 800 metres.

It shows strong similarity to the nearby Galaxy Resources’ (ASX: GXY) Mt Cattlin lithium mine.

A recently excavated costean has revealed lithium mineralisation which includes spodumene, lepidolite and elbaite, all of which can be processed with LIT’s 100% owned Sileach™ process.

Sampling from the excavated material returned 10 metres at 1.1 % lithium oxide from a zone of lepidolite-spodumene mineralisation.

Drilling is planned for both the Horseshoe and Deep Purple prospects.

All access and drill pads were prepared during the excavation sampling program.

Adrian Griffin, managing director, commented: “Exploration success at Ravensthorpe demonstrates the potential to find more lithium pegmatites, similar in size to those mined nearby at Mt Cattlin.

“The Ravensthorpe Project hosts numerous lithium pegmatites, and we look forward to commencing drilling some of these in the near future.”

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Fri, 26 May 2017 09:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/178360/lithium-australia-nl-makes-a-break-through-at-ravensthorpe-178360.html
<![CDATA[News - Lithium Australia NL extends offer period for Lepidico to Monday 19 June 2017 ]]> http://www.proactiveinvestors.com.au/companies/news/178295/lithium-australia-nl-extends-offer-period-for-lepidico-to-monday-19-june-2017-178295.html Lithium Australia NL (ASX:LIT) has extended the offer period of its takeover bid for Lepidico (ASX:LPD) to Monday 19 June 2017.

The off-market scrip bid is for all of the fully paid shares in Lepidico.

The new entity would be the holder of one of the largest lithium exploration and development portfolios in the world.

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Thu, 25 May 2017 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/178295/lithium-australia-nl-extends-offer-period-for-lepidico-to-monday-19-june-2017-178295.html
<![CDATA[News - Lithium Australia NL achieves very high lithium recoveries ]]> http://www.proactiveinvestors.com.au/companies/news/178233/lithium-australia-nl-achieves-very-high-lithium-recoveries-178233.html Lithium Australia NL (ASX:LIT) has achieved lithium recoveries of up to 99% from its preliminary metallurgical testing using material from the Agua Fria prospect within the Electra Project in Mexico.

Test work using a simple four hour, sulphuric acid leach test at room temperature extracted up to 85% lithium.

Significantly, a very modest increase in temperature to only 50 degrees celsius achieved lithium extractions of 94-99% lithium.

The main lithium bearing mineral at Agua Fria is thought to be montmorillonite and further testing has commenced.

Adrian Griffin, managing director, commented: “We have clearly demonstrated the ease with which lithium can be recovered from the volcanogenic sediments at Agua Fria.

“Beneficiation of the components containing the lithium, to produce a concentrated product is the next challenge. Fortunately the characteristics of each of the minerals are very different, providing a number of avenues to achieve the desired outcome.”


Electra Project

The company is in a joint venture with Alix Resources Corp (CVE:AIX) where Lithium Australia has earned a 49% interest in the Electra project.

The Agua Fria prospect is focused on volcanogenic sediments which host widespread lithium mineralisation.

The sediments occur within the same geological sequence as Bacanora Minerals’ (CVE:BCN) La Ventana deposit which is currently being evaluated for production.

La Ventana is the largest documented lithium clay deposit and Agua Fria has a similar footprint.

Early indications are very promising with significant drill intervals having average values exceeding 1000 ppm lithium.

During early April, a 3,000 metre drilling program commenced at the Agua Fria, which is still underway.

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Wed, 24 May 2017 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/178233/lithium-australia-nl-achieves-very-high-lithium-recoveries-178233.html
<![CDATA[News - Lithium Australia NL ready to drill at Ravensthorpe ]]> http://www.proactiveinvestors.com.au/companies/news/177684/lithium-australia-nl-ready-to-drill-at-ravensthorpe-177684.html Lithium Australia NL (ASX:LIT) has commenced earthworks ahead of drilling at its Ravensthorpe lithium project located 190 kilometres from Esperance in Western Australia.

Construction of over 30 drill pads has been completed ahead of reverse circulation drilling at both the Horseshoe and Deep Purple prospects.

The Horseshoe hosts an Exploration Target of 900,000 tonnes of lithium mineralisation at a minimum grade of 1% lithium oxide.

A wide range of lithium mineralisation has been identified, including spodumene and lithium micas.

Adrian Griffin, managing director, commented: “Lithium Australia recognises the significant potential of the Ravensthorpe lithium province which includes the operating Mt Cattlin lithium mine.

“This project was our first exposure to lithium exploration and we look forward to a positive outcome from the drilling campaign.”


Drilling in Mexico

During early April, a 3,000 metre drilling program commenced at the Agua Fria prospect within the Electra Project located in Mexico.

The company is in a joint venture with Alix Resources Corp (CVE:AIX) where Lithium Australia has earned a 49% interest in the Electra project.

The Agua Fria prospect is focused on volcanogenic sediments which host widespread lithium mineralisation.

The sediments occur within the same geological sequence as Bacanora Minerals’ (CVE:BCN) La Ventana deposit which is currently being evaluated for production.

La Ventana is the largest documented lithium clay deposit and Agua Fria has a similar footprint.

The planned duration of the drilling campaign is 44 days.

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Fri, 12 May 2017 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177684/lithium-australia-nl-ready-to-drill-at-ravensthorpe-177684.html
<![CDATA[News - Lithium Australia NL demonstrates Sileach™ proof-of-concept ]]> http://www.proactiveinvestors.com.au/companies/news/177623/lithium-australia-nl-demonstrates-sileach-proof-of-concept-177623.html Lithium Australia NL (ASX:LIT) has demonstrated proof-of-concept production of high-purity lithium carbonate from spodumene process solutions at its Sileach™ pilot plant.

The lithium carbonate feed solutions were produced by processing of Pilgangoora spodumene concentrates at the pilot plant.

A high purity product was produced grading 99.8% lithium carbonate, notably from a low-grade spodumene concentrate.

The concentrate grades processed were intentionally selected to have a grade lower than commercial concentrate grades to demonstrate the flexibility of Sileach™ in processing a wide range of materials.

Adrian Griffin, managing director, commented: “The ability of Sileach™ to cope with the high levels of contamination in the spodumene concentrate, and still produce a high-purity lithium carbonate is a great achievement.

“The ability to produce by-products that are not available with conventional processing of spodumene shows great potential.”

Lithium Australia is a dedicated developer of disruptive lithium extraction technologies, and 100% owner of the Sileach™ process for the recovery of lithium from silicates.

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Thu, 11 May 2017 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177623/lithium-australia-nl-demonstrates-sileach-proof-of-concept-177623.html
<![CDATA[News - Lithium Australia NL progressing Sileach™ commercialisation ]]> http://www.proactiveinvestors.com.au/companies/news/177483/lithium-australia-nl-progressing-sileach-commercialisation-177483.html Lithium Australia NL (ASX:LIT) is advancing plans for a large-scale Sileach™ pilot plant after awarding the engineering design study for a large-scale pilot plant in December 2016.

Project deliverables included, capital cost estimates, operating cost estimates and comparative logistic costs for a number of Western Australian and overseas sites.

The comparative project location assessment conducted during the study has highlighted a very attractive overseas site.

Furthermore, Lithium Australia has elected to extend the scope of work to improve the capital and operating cost estimate for this location to a level of detail commensurate for the preliminary feasibility study.

Results to the study are expected to be delivered to Lithium Australia around the middle of June.

Adrian Griffin, managing director, commented: “It is gratifying to see Sileach™ progressing towards commercialisation.

"This has been achieved with the best possible partnerships in industry and government including research grants at state and federal levels.

"Design has been completed within the most stringent safety standards which is the best possible prelude to commercialisation of the process."

Lithium Australia is a dedicated developer of disruptive lithium extraction technologies, and 100% owner of the Sileach™ process for the recovery of lithium from silicates.

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Tue, 09 May 2017 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177483/lithium-australia-nl-progressing-sileach-commercialisation-177483.html
<![CDATA[News - Lithium Australia NL extends takeover bid for Lepidico ]]> http://www.proactiveinvestors.com.au/companies/news/177348/lithium-australia-nl-extends-takeover-bid-for-lepidico-177348.html Lithium Australia NL (ASX:LIT) has extended its off-market takeover offer for Lepidico (ASX:LPD) to Friday 19th May 2017.

The off-market scrip bid of A$23.8 million is for all of the fully paid shares in Lepidico.

The new entity would be the holder of one of the largest lithium exploration and development portfolios in the world.

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Fri, 05 May 2017 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177348/lithium-australia-nl-extends-takeover-bid-for-lepidico-177348.html
<![CDATA[News - Lithium Australia NL witnesses revolutionary technology ]]> http://www.proactiveinvestors.com.au/companies/news/177187/lithium-australia-nl-witnesses-revolutionary-technology-177187.html Lithium Australia NL (ASX:LIT) and its joint venture partner  Alix Resources Corp (CVE:AIX) at the Electra Project in Mexico have successfully applied the LIBS technology.

The portable LIBS technology allows for real-time, in-field lithium analyses and was successfully applied on the first reverse circulation hole at the Agua Fria prospect within the Electra Project.

Assays from two further drill holes have been received from Agua Fria and these also show good correlation between the laboratory assays and LIBS measurements.

The LIBS technology is set to revolutionise both the exploration and mining industries.

Historically, hand held technology such as portable XRF guns have been used for exploration but these systems have limitations detecting light elements such as lithium, carbon and sodium.

Lithium Australia and U.S. based SciAps Inc have been working in collaboration over the last two years to develop a practical means of achieving real-time lithium geochemical measurements.

This recent success has given the company the confidence needed to use the field-portable LIBS analyser for operation control during the remainder of the drilling.

Lithium Australia believes this real-time control will have a substantial effect on exploration cost optimisation during the first round of drilling in Mexico.
Adrian Griffin, managing director, commented: “The use of this technique to real-time control of drilling is a breakthrough that should deliver immediate financial benefits by maximising the effectiveness of the remainder of the Agua Fria drilling and other projects in Australia.

“The importance of this technology for lithium exploration cannot be over stated.”

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Wed, 03 May 2017 08:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177187/lithium-australia-nl-witnesses-revolutionary-technology-177187.html
<![CDATA[News - Lithium Australia NL shows positive results in Mexico ]]> http://www.proactiveinvestors.com.au/companies/news/177095/lithium-australia-nl-shows-positive-results-in-mexico-177095.html Lithium Australia NL (ASX:LIT) has received preliminary results from its metallurgy program evaluating the Agua Fria lithium clay prospect within the Electra project in Mexico.

The results outline a path to low-cost lithium extraction at Agua Fria with no expensive reagents or roasting required.

Mineralogy suggests there is potential to significantly beneficiate the mineralisation at Agua Fria and testing shows that most lithium was liberated rapidly at ambient temperature.

Adrian Griffin, managing director, commented: “These results are a great start to our metallurgical evaluation program and clearly show the potential to produce a valuable concentrate from the host volcanogenic sediments.

“The acid solubility of the lithium is of greater importance.

“The ability to leach the lithium in very short periods of time, at ambient temperature, and without the requirement of pre-treatment may have profound effects on the economics of Agua Fria, the next major lithium clay deposit.”


Electra Project

The company is in a joint venture with Alix Resources Corp (CVE:AIX) where Lithium Australia has earned a 49% interest in the Electra project.

The Agua Fria prospect is focused on volcanogenic sediments which host widespread lithium mineralisation.

The sediments occur within the same geological sequence as Bacanora Minerals’ (CVE:BCN) La Ventana deposit which is currently being evaluated for production.

La Ventana is the largest documented lithium clay deposit and Agua Fria has a similar footprint.

Early indications are very promising with significant drill intervals having average values exceeding 1000 ppm lithium.


Drilling program

During early April, a 3,000 metre drilling program commenced at the Agua Fria prospect within the Electra Project.

The drilling program is being undertaken by local drilling contractors utilising a track mounted reverse circulation drill rig that provides good mobility.

The planned duration of the drilling campaign is 44 days.

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Mon, 01 May 2017 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177095/lithium-australia-nl-shows-positive-results-in-mexico-177095.html
<![CDATA[News - Lithium Australia NL and partner reveal drilling success in Mexico ]]> http://www.proactiveinvestors.com.au/companies/news/176893/lithium-australia-nl-and-partner-reveal-drilling-success-in-mexico-176893.html Lithium Australia NL (ASX:LIT) and Alix Resources (TSX:V AIX) have intersected two intervals of +1,000 parts per million lithium on the Agua Fria target, of the Electra Project in Mexico.

The target sediments are similar in origin to the neighbouring La Ventana deposit, operated by Bacanora Minerals and thought to be the largest lithium “clay” deposit yet identified.

Adrian Griffin, managing director, commented: "The maiden drill results demonstrate a target of great significance.

"These results, together with the outcome of the preliminary metallurgical tests, indicate the robustness of the lithium style mineralisation at our Mexican JV holdings."


Drilling program

More news will flow from the joint venture in the near term, as five holes for 627 meters have been completed.

Initial tests undertaken on trench samples from Agua Fria indicate the lithium is contained within a small fraction of the mass of the target material.

This provides good potential to increase plant feed grades by separating the lithium bearing component.


Equity structure

The current equity structure has Lithium Australia with 49%, and Alix Resources Corporation with 51%.

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Wed, 26 Apr 2017 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176893/lithium-australia-nl-and-partner-reveal-drilling-success-in-mexico-176893.html
<![CDATA[News - Lithium Australia NL locks down Queensland tenure ]]> http://www.proactiveinvestors.com.au/companies/news/176699/lithium-australia-nl-locks-down-queensland-tenure-176699.html Lithium Australia NL (ASX:LIT) has had three of its four exploration permits granted at the 1,000 square kilometre Amber Project located in North Queensland.

The Amber region shows all of the geological hallmarks associated with many of the world’s predominant lithium provinces.
Lithium exploration will initially concentrate at the historical recording of pegmatite and greisen hosted tin, tungsten, and fluorite occurrence.

Adrian Griffin, managing director, commented: ”Lithium Australia has identified North Queensland as a region with the optimum geological history to host major lithium deposits.

“Amber adds significantly to our Queensland portfolio and further strengthens our Australian exploration portfolio.

“Our advanced exploration techniques are proving invaluable in Mexico, where we are drilling at the moment, and we will be applying much of the knowledge gained, to our domestic exploration activities.”

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Fri, 21 Apr 2017 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176699/lithium-australia-nl-locks-down-queensland-tenure-176699.html
<![CDATA[News - Lithium Australia NL granted lithium tenements in Gascoyne ]]> http://www.proactiveinvestors.com.au/companies/news/176556/lithium-australia-nl-granted-lithium-tenements-in-gascoyne-176556.html Lithium Australia NL (ASX:LIT) has been granted title to substantial areas prospective for lithium mineralisation in the Gascoyne Province of Western Australia.

Five exploration licences which make up the Gascoyne Project lie along strike and adjacent to the Nardoo Pegmatite District.

Known lithium, rubidium, and niobium geochemical anomalies as well as tantalum, tungsten and tin occurrences occur within the Gascoyne Project.

These have not been explored in recent times and will be the focus of preliminary geological reconnaissance.
Adrian Griffin, managing director, commented: “The Gascoyne has many of the attributes of Western Australia’s other emerging lithium centres.

“The area has been a focus of past rare metal exploration, but its lithium potential has been ignored.

“The project is an important part of LIT’s long-term strategy to procure alternative lithium sources to feed its versatile, 100% owned Sileach™ processing technology.”

Lithium Australia is a dedicated developer of disruptive lithium extraction technologies, and is the 100% owner of the Sileach™ and LieNa™ processes.

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Wed, 19 Apr 2017 10:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176556/lithium-australia-nl-granted-lithium-tenements-in-gascoyne-176556.html
<![CDATA[News - Lithium Australia NL moves closer to finalising on Lepidico takeover ]]> http://www.proactiveinvestors.com.au/companies/news/176332/lithium-australia-nl-moves-closer-to-finalising-on-lepidico-takeover-176332.html Lithium Australia NL's (ASX:LIT) takeover bid for Lepidico (ASX:LPD) continues to advance, with LIT advising of a Notice of Status of Defeating Conditions.

The take-over offer is currently scheduled to close on Tuesday, 18 April 2017, unless extended or withdrawn.

The off-market scrip bid of A$23.8 million is for all of the fully paid shares in Lepidico.

The new entity would be the holder of one of the largest lithium exploration and development portfolios in the world.

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Wed, 12 Apr 2017 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176332/lithium-australia-nl-moves-closer-to-finalising-on-lepidico-takeover-176332.html
<![CDATA[News - Lithium Australia NL commences next phase of funded study ]]> http://www.proactiveinvestors.com.au/companies/news/176328/lithium-australia-nl-commences-next-phase-of-funded-study-176328.html Lithium Australia NL (ASX:LIT) has commenced Phase 2 test work of the “Solution purification and valuable byproducts formation during the production of battery-grade lithium” project.

The project, known as MRIWA Project M479 is with Venus Metals (ASX:VMC) and funded with research grants from the Western Australian state government.

The program commenced in late 2016 where Phase 1 focused on fundamental controls of Sileach™ process chemistry.

Sileach™ is a lithium extraction process owned by Lithium Australia.

The second phase will focus on optimisation and alternatives to add further value to the process.

Furthermore, process optimisation studies, sole funded by Lithium Australia, continue outside the scope of the project.

Where appropriate, results from these external research modules will be incorporated into future plant design.

Adrian Griffin, managing director, commented:

"Lithium Australia is proud to be at the forefront of global innovation and pleased to be sponsored by both the state government of Western Australia and the Australian federal government.

"Processing technology of this type has been sadly neglected in the lithium industry and at Lithium Australia we see the development of such technologies being of national importance – something that will establish Australia as the focus of the energy revolution."

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Tue, 11 Apr 2017 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176328/lithium-australia-nl-commences-next-phase-of-funded-study-176328.html
<![CDATA[News - Lithium Australia NL wraps up heritage survey in Western Australia ]]> http://www.proactiveinvestors.com.au/companies/news/176186/lithium-australia-nl-wraps-up-heritage-survey-in-western-australia-176186.html Lithium Australia NL (ASX:LIT) has completed the Aboriginal Heritage Surveys its Ravensthorpe lithium prospects in Western Australia.

The prospects included Horseshoe and Deep Purple, where no sites of cultural significance were found within the prospect area.

The survey was the last approval required before the planned costeaning and reverse circulation drilling programs planned for the near future.

Horseshoe hosts an Exploration Target of 900,000 tonnes of lithium mineralisation at a minimum grade of 1%.

Adrian Griffin, managing director, commented:

"Exploration success at Ravensthorpe adds significant potential to our regional portfolio that has recently been strengthened by the recent airborne geophysical surveys at Lake Johnston.

"The identification of abundant lithium pegmatites at Ravensthorpe is of great significance as long since realised by Galaxy Resources, at nearby Mt Cattlin.

"The Ravensthorpe pegmatites host a diversity of lithium minerals, including lepidolite, spodumene and zinnwaldite.

"These minerals are easily processed to produce battery-grade lithium chemicals using Lithium Australia’s Sileach™ process."

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Mon, 10 Apr 2017 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176186/lithium-australia-nl-wraps-up-heritage-survey-in-western-australia-176186.html
<![CDATA[News - Lithium Australia commences due diligence on German asset ]]> http://www.proactiveinvestors.com.au/companies/news/176044/lithium-australia-commences-due-diligence-on-german-asset-176044.html Lithium Australia (ASX: LIT) continues to advance its joint venture with Tin International, focused on Germany.

LIT has commenced due diligence on the Sadisdorf project, which is part of a package of tenements under the agreement.

Work will initially focus on the historic Sadisdorf tin mine where pervasive greisens are known to contain abundant lithium mineralisation in the form of zinnwaldite, a mineral ideally suited to processing with LIT’s 100% owned Sileach™ process.

Sileach™ is a lithium extraction technology.


Next steps

The joint venture aims to extend and upgrade the existing Sadisdorf JORC Inferred Resource of 3.36 million tonnes at 0.44% tin at a cut-off of 0.25% tin, and to delineate a lithium resource which is anticipated to be associated with the tin mineralisation.

LIT said that the tin orebody is thought to contain the order of 15% zinnwaldite.

This is a prime target for supply of lithium into the European battery industry.


Analysis

The joint venture with Tin International provides Lithium Australia with a low-cost entry into an established JORC Resource albeit originally established for tin.

Next steps will be followed closely to observe the potential for lithium.

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Thu, 06 Apr 2017 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176044/lithium-australia-commences-due-diligence-on-german-asset-176044.html
<![CDATA[News - Lithium Australia NL commences drilling for lithium clays in Mexico ]]> http://www.proactiveinvestors.com.au/companies/news/175967/lithium-australia-nl-commences-drilling-for-lithium-clays-in-mexico-175967.html Lithium Australia NL (ASX:LIT) has commenced a 3,000 metre drill program at the Agua Fria prospect located within the Electra lithium clay project in Mexico.

The company is in a joint venture with Alix Resources Corp (CVE:AIX) where Lithium Australia has earned a 49% interest.

The Agua Fria target has been traced 5 kilometres along strike, and has exposed widths of over 800 metres.

Adrian Griffin, managing director, commented: “The Agua Fria target has very significant potential, as demonstrated by Baconora Minerals which has established the world’s largest lithium clay resource, nearby and in the same geological sequence.

“Beneficiation will be a key element in creating a positive commercial outcome, and preliminary work is underway to evaluate how best that can be achieved.”


Drill program details

The drilling program is being undertaken by local drilling contractors utilising a track mounted reverse circulation drill rig that provides good mobility.

The planned duration of the drilling campaign is 44 days.

Laboratory assays will be conducted in Mexico and metallurgical evaluation will be undertaken in Nevada.
Numerous surface samples have returned grades exceeding 1,000 ppm lithium - grades considered to be high in samples of this provenance.

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Wed, 05 Apr 2017 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/175967/lithium-australia-nl-commences-drilling-for-lithium-clays-in-mexico-175967.html
<![CDATA[News - Lithium Australia NL advancing Lepidico take-over offer ]]> http://www.proactiveinvestors.com.au/companies/news/175637/lithium-australia-nl-advancing-lepidico-take-over-offer-175637.html Lithium Australia NL (ASX:LIT) has freed its off-market takeover offer for Lepidico (ASX:LPD) from the defeating conditions set out in the bidder’s statement.

The take-over offer is currently scheduled to close on Tuesday, 18 April 2017, unless extended or withdrawn.

Lithium Australia has released its first supplementary bidder’s statement pursuant to section 647(3)(b) of the Corporations Act.
All parties to the pre-bid acceptance agreements have now accepted the offer under the takeover bid.

Lithium Australia has also received additional acceptances from other Lepidico shareholders.

Accordingly, as of 29 March 2017, Lithium Australia has received acceptances in relation to 17.86% of the Lepidico shares.

This will make Lithium Australia the largest single shareholder in Lepidico.

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Thu, 30 Mar 2017 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175637/lithium-australia-nl-advancing-lepidico-take-over-offer-175637.html
<![CDATA[News - Lithium Australia NL to drill for lithium clays in Mexico ]]> http://www.proactiveinvestors.com.au/companies/news/175252/lithium-australia-nl-to-drill-for-lithium-clays-in-mexico-175252.html Lithium Australia NL (ASX:LIT) will commence drilling later this month at the Agua Fria prospect located within the Electra lithium clay project in Mexico.

The company is in a joint venture with Alix Resources Corp (CVE:AIX) where Lithium Australia has earned a 49% interest.

The planned drill program is for 3,000 metres which will to provide coverage over a 5 kilometre strike of the mineralised zone.

Initial indications from trench samples are that lithium minerals account for less than 50% by weight, of typical mineralized zones allowing for significant beneficiation potential.

Adrian Griffin, managing director, commented: “The region offers great lithium potential, as has been demonstrated nearby, by Bacanora Minerals (CVE:BCN).”


The target zone

The target zone at Agua Fria consists of lithium clays and is shallow dipping, exposed over widths of up to 800 metres and over a strike length of ~5 kilometres.

Numerous surface samples have returned grades exceeding 1,000 ppm lithium - grades considered to be high in samples of this provenance.

In preparation for drilling, 24 samples obtained through shallow trenching at Agua Fria have been examined to determine:

- Mineralogy;
- Lithium distribution;
- Lithium grade;
- Scope for beneficiation; and
- By-product potential.

Initial indications are that lithium minerals account for less than 50% by weight, of typical mineralized zones.

This may allow significant beneficiation potential allowing the production of higher grade concentrates, prior to processing, subsequently reducing operating costs.

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Thu, 23 Mar 2017 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175252/lithium-australia-nl-to-drill-for-lithium-clays-in-mexico-175252.html
<![CDATA[News - Lithium Australia NL’s subsidiary snaps up graphite assets in Madagascar ]]> http://www.proactiveinvestors.com.au/companies/news/175096/lithium-australia-nls-subsidiary-snaps-up-graphite-assets-in-madagascar-175096.html Lithium Australia NL’s (ASX: LIT) subsidiary, BlackEarth Minerals NL, has acquired the exploration rights to Capricorn Metals (ASX:CMM) Madagascan graphite assets

Due diligence by independent geologists describe the project as highly prospective for large-scale, high-quality graphite deposits.

The deal further strengthens the company's growing graphite and lithium portfolio.

BlackEarth is fully-funded to complete ASX listing requirements in the first half of 2017.


Project details

The tenements cover 175 square kilometres, encompassing two project areas named Maniry and Ianapera.

These projects are at an advanced evaluation stage.

The location is in close proximity to Energizer Resources Inc’s (TSX:EGZ) feasibility stage Molo Graphite Project.

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Tue, 21 Mar 2017 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175096/lithium-australia-nls-subsidiary-snaps-up-graphite-assets-in-madagascar-175096.html
<![CDATA[News - Lithium Australia NL outlines key date in takeover bid ]]> http://www.proactiveinvestors.com.au/companies/news/174419/lithium-australia-nl-outlines-key-date-in-takeover-bid-174419.html Lithium Australia NL (ASX:LIT) has advised that the date set by the company for the purpose of determining the Lepidico (ASX:LPD) shareholders to whom the Bidder’s Statement will be sent is 3 March 2017.

LIT recently outlined a conditional off-market scrip bid of A$23.8 million for all of the fully paid shares in Lepidico.

The basis of the offer will be one LIT share for every 13.25 Lepidico shares.

LIT wholly-owns the Sileach™ and LieNa™ processes.

The new entity would be the holder of one of the largest lithium exploration and development portfolios in the world.


Analysis

Driven by rising demand from new era Li-ion battery manufacturers, the combined entities would be able to offer a wide range of lithium technology solutions to match specific lithium deposits.

A combined group would be able to offer both Sileach™ and L-Max in the world’s most active jurisdiction for lithium, Western Australia, and be able to optimise emerging commercial opportunities for lithium projects worldwide.

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Wed, 08 Mar 2017 10:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174419/lithium-australia-nl-outlines-key-date-in-takeover-bid-174419.html
<![CDATA[News - Lithium Australia NL grows its stake in Lepidico ]]> http://www.proactiveinvestors.com.au/companies/news/174166/lithium-australia-nl-grows-its-stake-in-lepidico-174166.html Lithium Australia NL (ASX:LIT) now holds circa 311 million shares, of 17.76% of fellow Western Australian lithium play Lepidico (ASX:LPD).

LIT recently outlined that it intends to make a conditional off-market scrip bid of A$23.8 million for all of the fully paid shares in Lepidico.

The basis of the offer will be one LIT share for every 13.25 Lepidico shares.

LIT wholly-owns the Sileach™ and LieNa™ processes.

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Fri, 03 Mar 2017 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174166/lithium-australia-nl-grows-its-stake-in-lepidico-174166.html
<![CDATA[News - Lithium Australia's technology to enhance European lithium opportunity ]]> http://www.proactiveinvestors.com.au/companies/news/173855/lithium-australia-s-technology-to-enhance-european-lithium-opportunity-173855.html Lithium Australia NL (ASX:LIT) and Tin International AG, a subsidiary of Deutsche Rohstoff AG (ETR:DR0), have entered into a binding memorandum of understanding to form a joint venture.

The partnership will include the key asset of the Sadisdorf deposit, located in Saxony, Germany.

The goal is to extend and upgrade the existing Inferred JORC Resource of: 3.36 million tonnes at 0.44% tin, and to delineate a lithium resource which is anticipated to be associated with the tin mineralisation.

Lithium Australia said that the tin orebody is thought to contain in the order of 15% zinnwaldite.

Zinnwaldite is a lithium mica very easily treated with the Sileach™ process.

Lithium Australia is a dedicated developer of disruptive lithium extraction technologies, and is the 100% owner of the Sileach™ and LieNa™ processes.

Adrian Griffin, managing director for Lithium Australia, commented:

"Sadisdorf has mine openings, historic tin production and a well identified lithium halo through and around the JORC Resource.

"This is a great opportunity to establish a substantial lithium resource to feed a Sileach™ processing facility in Europe."


Consideration

Lithium Australia has the right to earn 15% of the to be established company by spending EUR 750,000 on exploration until the end of 2017.

Alternatively the company can elect to pay the outstanding amount in cash to Tin International by year-end.

By investment of a further EUR 1.25 million over a 3-year period Lithium Australia has the right to further increase its interest in the joint venture company to 50%.

After the completion of this “earn-in” period, the partners equally bear the project development costs or are diluted accordingly.

Tin International will receive a one-off payment of EUR 200,000 in LIT shares and EUR 50,000 in cash.

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Tue, 28 Feb 2017 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173855/lithium-australia-s-technology-to-enhance-european-lithium-opportunity-173855.html
<![CDATA[News - Lithium Australia NL in an open playing field after litigation settlement ]]> http://www.proactiveinvestors.com.au/companies/news/173761/lithium-australia-nl-in-an-open-playing-field-after-litigation-settlement-173761.html Lithium Australia NL (ASX:LIT) has settled by mutual agreement litigation that has resulted in Lithium Australia retaining three enforceable and valid licence agreements for the L-Max® lithium extraction process.

The three licence agreements are with Li-Technology Pty Ltd being the exclusive L-Max Licence for Western Australia, International Licence No.1 and International Licence No.2.

It has also been agreed that the 100% Lithium Australia owned Sileach™ process is not an improvement, enhancement or modification of the L-Max® process.
As a result of these positive outcomes, Li-Technology has withdrawn its counterclaim against Lithium Australia.

Adrian Griffin, managing director commented: “We are pleased with the outcome which allows Lithium Australia to pursue its strategy of building a global lithium business without unnecessary distractions or legal impediments.

“We can now continue with the business of delivering further positive results for our shareholders.”


Background

Lithium Australia is a dedicated developer of disruptive lithium extraction technologies, and 100% owner of the Sileach™ and LieNa™ processes.

The company has strategic alliances with a number of companies, potentially providing access to a diversified lithium mineral inventory.

Lithium Australia aspires to create the union between resources and the best available technology to establish a global lithium processing business.


Analysis

The settlement is a positive outcome from Lithium Australia and paves the way for commercialising its Sileach™ process without legal impediment.

This also benefits the company’s partners including Pilbara Minerals (ASX:PLS) and the recently listed Metalstech (ASX:MTC).

Metalstech, who holds a Sileach™ licence for operation in Quebec, debuted on the ASX last Friday closing at a premium of 35% from its $0.20 issue price.

Pilbara Minerals has an agreement to work with Lithium Australia to commercialise Sileach™ for use on spodumene concentrates from Pilgangoora.

The settlement also provides a significant benefit for the company in Western Australia, where it now has the potential to dominate local lithium chemical processing, outside conventional roast-leach processes.

The company will be largely in an open playing field, with little competition on the processing front, particularly with the unconventional lithium feeds such as mica.

Shares are up 13% through the morning’s trading, currently priced at $0.165.

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Mon, 27 Feb 2017 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173761/lithium-australia-nl-in-an-open-playing-field-after-litigation-settlement-173761.html
<![CDATA[News - Lithium Australia NL advancing Sileach™ patent application ]]> http://www.proactiveinvestors.com.au/companies/news/173418/lithium-australia-nl-advancing-sileach-patent-application-173418.html Lithium Australia NL (ASX:LIT) filed an international patent application under the Patent Cooperation Treaty on 9 February 2017 relating to its Sileach™ lithium extraction process.

The patent is entitled “Process for extracting and recovering lithium values from lithium bearing materials”.

The application has been allocated application number PCT/AU2017/050104 and is entitled to claim a priority date of 9 February 2016.

The Sileach™ process is but one of the processes in the company’s arsenal when it comes to assessing, and then matching the best process for each specific ore type, local conditions and infrastructure.

Adrian Griffin, managing director, commented: “Lithium Australia considers its strategy of controlling its own feed-source and process as essential to the protection of its business and its shareholders. The Sileach™ process is a critical component of this strategy.”


Background

Lithium Australia is a dedicated developer of disruptive lithium extraction technologies, and 100% owner of the Sileach™ and LieNa™ processes.

The company has strategic alliances with a number of companies, potentially providing access to a diversified lithium mineral inventory.

Lithium Australia aspires to create the union between resources and the best available technology to establish a global lithium processing business.


Recent takeover bid

Lithium Australia recently outlined that it intends to make a conditional off-market scrip bid of A$23.8 million for all of the fully paid shares in fellow Western Australia lithium explorer and developer, Lepidico (ASX:LPD).

The basis of the offer will be one Lithium Australia share for every 13.25 Lepidico shares.

The new entity would be the holder of one of the largest lithium exploration and development portfolios in the world, as well as holding multiple lithium processing technologies for treating both spodumene and mica mineralogies.

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Mon, 20 Feb 2017 12:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173418/lithium-australia-nl-advancing-sileach-patent-application-173418.html
<![CDATA[News - Lithium Australia NL files an international patent ]]> http://www.proactiveinvestors.com.au/companies/news/173033/lithium-australia-nl-files-an-international-patent-173033.html Lithium Australia NL (ASX:LIT) has filed an international patent application entitled “Process for extracting and recovering lithium values from lithium bearing materials” under the Patent Cooperation Treaty on 9 February 2017 relating to its Sileach™ process.

Adrian Griffin, managing director, commented:

"Lithium Australia considers its strategy of controlling its own feed-source and process as essential to the protection of its business and its shareholders.

"The Sileach™ process is a critical component of this strategy."


Patent details

The international patent application has been allocated application number PCT/AU2017/050104 by the PCT Receiving Office and is entitled to claim a priority date of 9 February 2016.

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Mon, 13 Feb 2017 15:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173033/lithium-australia-nl-files-an-international-patent-173033.html
<![CDATA[News - Lithium Australia NL launches A$23.8M takeover of Lepidico ]]> http://www.proactiveinvestors.com.au/companies/news/172648/lithium-australia-nl-launches-a238m-takeover-of-lepidico-172648.html Lithium Australia NL (ASX:LIT) has outlined that it intends to make a conditional off-market scrip bid of A$23.8 million for all of the fully paid shares in fellow Western Australia lithium explorer and developer, Lepidico (ASX:LPD).

The basis of the offer will be one LIT share for every 13.25 Lepidico shares.

Adrian Griffin, managing director for LIT, commented:

"Lithium Australia and Lepidico have a similar business strategy, and both have excellent exploration projects and development prospects.

"It is the synergies in aspirations and assets that make combining the two companies the perfect opportunity for all shareholders.

"The combined entity is likely to be significantly more attractive for investors and financiers as well as a global leader in lithium processing at a time of unprecedented lithium demand."


The offer

The offer is a 13% premium to the prices of both companies at close of trading on ASX on Friday 3 February 2017 and is at a 9% premium based on the 10 day VWAP of both companies.

The new entity would be the holder of one of the largest lithium exploration and development portfolios in the world, as well as holding multiple lithium processing technologies for treating both spodumene and mica mineralogies.


Shareholder support

LIT has entered into agreements with Lepidico shareholders currently holding 17.87% who have agreed to accept the bid in the absence of a higher bid.


Analysis

Driven by rising demand from new era Li-ion battery manufacturers, the combined entities would be able to offer a wide range of lithium technology solutions to match specific lithium deposits.

A combined group would be able to offer both Sileach™ and L-Max in the world’s most active jurisdiction for lithium, Western Australia, and be able to optimise emerging commercial opportunities for lithium projects worldwide.

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Mon, 06 Feb 2017 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172648/lithium-australia-nl-launches-a238m-takeover-of-lepidico-172648.html
<![CDATA[News - Lithium Australia NL makes maiden move to South Australia ]]> http://www.proactiveinvestors.com.au/companies/news/172325/lithium-australia-nl-makes-maiden-move-to-south-australia-172325.html Lithium Australia NL (ASX:LIT) has expanded its Australia-wide lithium search by lodging applications for ground prospective for lithium on Kangaroo Island in South Australia.

The application adds to the company’s strong domestic lithium holdings throughout Western Australia, Northern Territory and Queensland.

Continued national research identified the prospective 27 square kilometre application located 100 kilometres southwest of Adelaide.

A small mining claim which covers the abandoned Dudley Mine area, a collection of shallow pits and shafts in the pegmatite, lies within the application.

Previous exploration has focused on kaolin and gem quality tourmaline with no exploration for lithium being recorded.

Adrian Griffith, managing director, commented:

"The South Australia campaign adds to Lithium Australia’s strong and expanding project suite and technological alliances over 2017 with private and government stakeholders alike as well as its 100% ownership of the versatile Sileach™ processing technology and access to a number of other leading technologies."

Lithium Australia is trading up 30% over the past month, currently priced at $0.195.

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Mon, 30 Jan 2017 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172325/lithium-australia-nl-makes-maiden-move-to-south-australia-172325.html
<![CDATA[News - Lithium Australia NL takes advantage of data to identify lithium ]]> http://www.proactiveinvestors.com.au/companies/news/172258/lithium-australia-nl-takes-advantage-of-data-to-identify-lithium-172258.html Based on the new 50 metre line spaced data, the majority of the known lithium-tantalum bearing pegmatites are coincidental with ring-like, potassium radiometric anomalies.

Pegmatite outcrops defined through satellite imagery interpretation and field reconnaissance, confirm that many of the pegmatite outcrops are circular in outcrop and are possibly related to late-stage ring fractures.

It is further interpreted that the low to moderate amplitude potassium anomalies without any rock expression are related to shallowly buried pegmatites.

Adrian Griffin, managing director, commented: “Lithium Australia continues to develop its outstanding lithium exploration projects to ensure an accessible pipeline of potential lithium feed.

“We are encouraged by these initial Lake Johnston survey results and are pleased with our collaboration with Poseidon and Lefroy.”

The survey was completed in collaboration with neighbouring tenement holders Poseidon Nickel (ASX:POS) and Lefroy Exploration (ASX:LEX), who also hold some nickel and gold rights in the area.

Lithium Australia shares are trading up 40% over the past month, currently priced at $0.19.

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Fri, 27 Jan 2017 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172258/lithium-australia-nl-takes-advantage-of-data-to-identify-lithium-172258.html
<![CDATA[News - Lithium Australia exceeds quality production specifications for lithium carbonate ]]> http://www.proactiveinvestors.com.au/companies/news/171704/lithium-australia-exceeds-quality-production-specifications-for-lithium-carbonate-171704.html Lithium Australia (ASX:LIT) has put the company's Sileach™ process in the hydrometallurgical limelight having exceeded quality specifications for the production of lithium carbonate.

Operations undertaken at ANSTO Minerals (a division of the Australian Nuclear Science and Technology Organisation) have demonstrated the production of battery grade lithium carbonate.

The lithium carbonate feed was produced by Lithium Australia’s Sileach™ pilot plant, processing ore from Lepidolite Hill in Western Australia.

The refinement of the lithium carbonate produced during piloting was undertaken using a bicarbonate – carbonate re-precipitation approach, widely adopted in the lithium chemicals industry.

The quality of the lithium carbonate meets or exceeds the specification of battery grade lithium carbonate produced by one of the world’s largest suppliers of lithium chemicals, FMC Lithium.


Adrian Griffin, managing director, commented:

"We have demonstrated the ability to process complex lithium ores, without the requirement of the traditional and expensive roasting step.

"We anticipate generating similar ground-breaking results with the production of lithium carbonate from Pilbara Minerals’ Pilgangoora spodumene concentrates, later this month."


Analysis

The production of high-quality carbonate demonstrates the ability to produce commercial products from a range of silicate materials, some of which are not commonly processed to produce lithium chemicals, due to limitations in existing processing routes.

This outstanding result is a significant prelude to continuous Sileach™ pilot plant operations on spodumene concentrates from Pilbara Minerals’ (ASX:PLS) Pilgangoora project.

More details are expected by the end of the month.

Shares in Lithium Australia last traded at $0.185, or about one-third higher than the start of 2017.

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Tue, 17 Jan 2017 13:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171704/lithium-australia-exceeds-quality-production-specifications-for-lithium-carbonate-171704.html
<![CDATA[News - Lithium Australia advances recycling plans for technology metals ]]> http://www.proactiveinvestors.com.au/companies/news/171644/lithium-australia-advances-recycling-plans-for-technology-metals-171644.html The company would do this by applying processes with a low-energy footprint, and with minimal exposure to mining costs.

Lithium Australia will evaluate the logistic chain from “cradle to grave” to determine the deportment of all components of lithium ion batteries and develop a strategy to maximise the recovery of all materials used in the products at the end of their useful life.

Adrian Griffin, managing director, commented: "We see a lot of waste in the mining industry as a consequence of imposing high cutoff grades to lithium deposits.

"This is not sustainable and Lithium Australia is developing the technologies to rectify the situation.

"We see the recycling of batteries in a similar light.

"Legislative changes, on a global basis, are likely to force industry into more responsible recycling programs and Lithium Australia is positioning itself to become part of the solution."

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Mon, 16 Jan 2017 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171644/lithium-australia-advances-recycling-plans-for-technology-metals-171644.html
<![CDATA[News - Lithium Australia NL and partner test lithium samples from Mexico ]]> http://www.proactiveinvestors.com.au/companies/news/171577/lithium-australia-nl-and-partner-test-lithium-samples-from-mexico-171577.html Agua Fria is part of the Electra Project, located in Sonora, Mexico.

Twenty four samples obtained through shallow trenching to define: Mineralogy; Lithium distribution; Lithium grade; Scope for beneficiation; By-product potential and Grade of by-products.

Adrian Griffin, managing director for LIT, commented:

"Lithium Australia and our partner, Alix Resources, are pleased to have progressed the project to the key metallurgical testing stage.

"The region offers great lithium potential, as has been demonstrated nearby, by Baconora Minerals.

"Working closely with Kappes Cassiday and Associates, we will use our past experience for the benefit of the project, to develop the best possible commercial outcome.

"The application of the best available processing technology is the key to success and we plan to use that key, not only on the Electra Project, but also on other lithium clay opportunities."

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Fri, 13 Jan 2017 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171577/lithium-australia-nl-and-partner-test-lithium-samples-from-mexico-171577.html
<![CDATA[News - Lithium Australian NL trademark application accepted for LieNa™ ]]> http://www.proactiveinvestors.com.au/companies/news/171056/lithium-australian-nl-trademark-application-accepted-for-liena-171056.html Lithium Australia NL (ASX:LIT) has had its trademark application for its 100% owned  LieNA™ lithium extraction process accepted for registration.

The process extracts lithium from spodumene in a caustic solution.

The company is also in the process of commercialising the Sileach™ lithium extraction process, which is currently being trialled in pilot plant operations in New South Wales.

Lithium Australia continues to fund research and development to unlock novel ways to extract lithium from host rock and ensure the best process is used for each individual ore-body.

Adrian Griffin, managing director, commented:

"Lithium Australia’s research and development is critical to its business strategy where it will match the most appropriate lithium extraction process to ensure that each resource can be processed in the most economic way."


Project portfolio

Lithium Australia has projects in the following jurisdictions:

- Western Australia: The Gascoyne; Pilgangoora; Ravensthorpe; Seabrook; Lepidolite Hill; Greenbushes; Lake Johnston; Donnelly River; and Widgiemooltha projects;
- Northern Territory: Bynoe;
- Queensland: Cape York; and
- Mexico: Growing interest in the Electra lithium project.

Within these projects the company has various corporate alliances and joint ventures with Pilbara Minerals Ltd (ASX:PLS), Focus Minerals Ltd (ASX:FML), Alix Resources Corp (CVE:AIX), Cazaly Resources Ltd (ASX:CAZ), Tungsten Mining NL (ASX:TGN), Venus Metals Corporation Limited (ASX:VMC) and Lefroy Exploration Ltd (ASX:LEX).


Electra project

Lithium Australia is earning a 49% stake in the Electra project at Sonora in northwest Mexico, and has an option to extend that to 65% from project owner, Canada’s Alix Resources Corp (AIX-TSX:V).

This continued research and development will be critical in developing an economic extraction process for its Electra Project.

Lithium Australia and its joint venture partner continue planning to drill at the Electra Project which is located in close proximity to Bacanora’s Sonora project which is currently the world’s largest lithium clay resource.

Early signs are promising for the joint venture partners, with a third of samples from lithium-rich clay layers in October 2016 Agua Fria discovery, assaying above 1,000 parts per million (ppm) lithium.

The lithium clay horizons now extend around 4.5 kilometres along strike and indicators of up to 800 metres in width.

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Tue, 03 Jan 2017 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/171056/lithium-australian-nl-trademark-application-accepted-for-liena-171056.html
<![CDATA[News - Lithium Australia NL encouraged by initial Lake Johnston survey results ]]> http://www.proactiveinvestors.com.au/companies/news/170997/lithium-australia-nl-encouraged-by-initial-lake-johnston-survey-results-170997.html LIT holds the lithium rights on the LEX Lake Johnston Project.

The survey area covered areas of the Lake Johnston Greenstone Belt where the Maggie Hays Formation has been intruded by lithium-tantalum bearing pegmatites.

Previous airborne geophysics was not detailed enough to understand the geological and structural setting of the pegmatites.

LIT said based on the current 400 metre line spaced data, pegmatites in LIT’s project areas are interpreted to be associated with broad magnetic highs which are faulted.

In addition, the known lithium-tantalum occurrences lie on or proximal to a potassium anomalous ring structure.

The completed 50 metre line spaced aeromagnetic and radiometric survey will help to clarify the structural setting of the mineralisation.

The survey was completed in collaboration with Lefroy who holds the gold and nickel rights over E63/1777.

Further exploration activities are planned for 2017.

Adrian Griffin, managing director for LIT, commented:

"Lithium Australia continues to develop its outstanding lithium exploration projects to ensure an accessible pipeline of potential lithium feed.

"We are encouraged by these initial Lake Johnston survey results and are pleased with our collaboration with Lefroy Exploration Ltd."

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Thu, 29 Dec 2016 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170997/lithium-australia-nl-encouraged-by-initial-lake-johnston-survey-results-170997.html
<![CDATA[News - Lithium Australia NL has success in spodumene pilot plant trial ]]> http://www.proactiveinvestors.com.au/companies/news/170901/lithium-australia-nl-has-success-in-spodumene-pilot-plant-trial-170901.html On Wednesday 21 December 2016, ANSTO Minerals (a division of the Australian Nuclear Science and Technology Organisation) ran a 24 hour commissioning trial treating spodumene concentrate via the Sileach™ process.

The trial ran successfully, with the pilot plant operating well at the target operating conditions.

This has confirmed the suitability of the pilot plant for the upcoming trial.

Further continuous piloting operations are planned for January 2017.

Adrian Griffin, managing director for LIT, commented:

"Lithium Australia continues to lead the industry in the development of advanced lithium processing technology.

"The continuous hydrometallurgical treatment of spodumene successfully demonstrates the ability to extract lithium from the mainstream hard-rock deposits without the requirement of roasting.

"Commercialisation of the Sileach™ process provides enormous potential for the lithium industry and for Lithium Australia."

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Fri, 23 Dec 2016 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170901/lithium-australia-nl-has-success-in-spodumene-pilot-plant-trial-170901.html
<![CDATA[News - Lithium Australia updates on pilot plant testing of Pilbara Minerals spodumene ]]> http://www.proactiveinvestors.com.au/companies/news/170831/lithium-australia-updates-on-pilot-plant-testing-of-pilbara-minerals-spodumene-170831.html This run was part of LIT and PLS’s joint efforts toward commercialisation of Sileach™ on Pilgangoora concentrates.

In an update, Adrian Griffin, managing director for LIT, commented:

"It is unfortunate a minor equipment failure interrupted the commissioning program.

"We are fortunate, given the time of year, ANSTO Minerals ensured that components were readily available to affect the repair which should see us complete the commissioning process before the festive season."

Further continuous piloting operations are planned for January 2017.

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Thu, 22 Dec 2016 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170831/lithium-australia-updates-on-pilot-plant-testing-of-pilbara-minerals-spodumene-170831.html
<![CDATA[News - Lithium Australia NL testing Pilbara Minerals' spodumene concentrates ]]> http://www.proactiveinvestors.com.au/companies/news/170568/lithium-australia-nl-testing-pilbara-minerals-spodumene-concentrates-170568.html A 24-hour commissioning run of the Sileach™ circuit is planned to commence 16th December on spodumene concentrates supplied by Pilbara Minerals (ASX:PLS), as part of LIT and PLS’s joint efforts toward commercialisation of Sileach™ on Pilgangoora concentrates.

Further continuous piloting operations are planned for January 2017.

Adrian Griffin for Lithium Australia, commented: “Sileach is the only hydrometallurgical process capable of recovering lithium from spodumene.

"The ability to achieve that without roasting, is a big step forward for Lithium Australia, and more broadly, the lithium industry.

"The escalating availability of spodumene concentrates makes efficient processing of such material an environmental imperative for the energy revolution and we believe Sileach is the solution."

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Fri, 16 Dec 2016 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170568/lithium-australia-nl-testing-pilbara-minerals-spodumene-concentrates-170568.html
<![CDATA[News - Lithium Australia NL shareholders priority MetalsTech IPO now open ]]> http://www.proactiveinvestors.com.au/companies/news/170446/lithium-australia-nl-shareholders-priority-metalstech-ipo-now-open-170446.html Lithium Australia NL (ASX:LIT) is inviting its shareholders to participate in the initial public offer (IPO) of MetalsTech Limited through a priority offer.

MetalsTech is seeking to raise up to $6 million through the issue of up to 30 million shares priced at $0.20.

Lithium Australia shareholders on the register as at 15 December 2016 have been set aside 5 million shares in the IPO pursuant to the priority offer.

MetalsTech was formed to identify, fund, acquire, explore and develop high grade hard rock lithium projects in Quebec, Canada.

The partnership with MetalsTech provides Lithium Australia with significant equity and technology leverage across six highly prospective hard rock lithium projects in Quebec.


Indicative timetable

The indicative dates for the IPO are as follows:

- 24 November 2016: Lodgement of prospectus;
- 15 December 2016: Priority offer record date;
- 21 December 2016: Offer closes;
- 24 December 2016: Priority offer closes; and
- 30 January 2017: Expected date for quotation on ASX.


Background

MetalsTech has an existing partnership and collaboration agreement with Lithium Australia with relation to its Sileach and LieNa processes as well as to further development of lithium extraction technology specific to the spodumene at the MetalsTech projects.

MetalsTech has assembled a strong board and management team with significant Canadian specific experience and a track record in discovering resource deposits.

Funds raised under the IPO will allow the company to accelerate exploration at its portfolio of six lithium project in Quebec.

A recent exploration program at the Cancet Lithium Project and the Adina Lithium Project has confirmed the presence of high grade lithium from channel sampling from surface. 

Recent samples from Cancet returned grade of up to 3.79% lithium oxide from surface.

MetalsTech currently plans to immediately follow up with a detailed drilling program at each project with an aim to further advance these high priority projects.


Quebec

Quebec is an attractive jurisdiction in which to pursue exploration and mining activities and has been consistently ranked in the top 10 mining jurisdictions globally by the Fraser Institute.

It boasts clear and transparent mining regulations, well-developed infrastructure including road, rail and port as well as very low-cost power from one of the world’s largest hydro-electricity operations.

Quebec has a history of hard rock lithium production and has a track record in not only permitting new lithium mines, but co-investing alongside private enterprise through Investissement Quebec, a Quebec government funded initiative.

All-in-all it is a mining friendly jurisdiction that has demonstrated strong support for the lithium revolution.

Quebec also offers ready access to Asia and Europe via its numerous deep-water ports.

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Wed, 14 Dec 2016 13:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170446/lithium-australia-nl-shareholders-priority-metalstech-ipo-now-open-170446.html
<![CDATA[News - Lithium Australia advances commercialisation of Sileach™ process ]]> http://www.proactiveinvestors.com.au/companies/news/170290/lithium-australia-advances-commercialisation-of-sileach-process-170290.html Lithium Australia (ASX:LIT) has advanced commercialisation of the revolutionary Sileach™ process for the recovery of lithium from silicates, by committing to engineering design.

The commercial development of the Sileach™ process involves progressive de-risking and demonstration of the ability to scale up from laboratory tests through to commercial production.


What is the Sileach™ process?

The Sileach™ process is designed to recover lithium and other metals from any silicate, including spodumene, lithium micas, petalite, amphiboles, pyroxenes, tourmalines etc.

The award of engineering design to CPC Engineering has propelled Lithium Australia along the path to commercialisation.

CPC Engineering will provide LIT with engineering design, capital cost estimates, operating cost estimates and comparative logistic costs of a number of Western Australian sites.

Design studies will commence in December 2016 and will be an integral part of LIT’s decision process to proceed with plant construction.

The Sileach™ process is undergoing independent development and testing with the company's partners ANSTO Minerals (a division of the Australian Nuclear Science and Technology Organisation).


Adrian Griffin, managing director for LIT, commented:

"The progression from the first laboratory tests, to awarding the engineering contract has all been encapsulated in 2016, the most progressive year in Lithium Australia’s history.

"The commitment of our partners at ANSTO Minerals and Murdoch University, and support by grants from the federal and state governments has been paramount in this development.

"The decision to award the engineering contract to CPC Engineering retains much of the financial and intellectual property benefit in Western Australia, and maintains our scheduled target for commercialisation of the Sileach™ process."


The next steps

LIT and ANSTO have scheduled further pilot testing later this month and in January 2017 to process spodumene concentrates from Pilbara Minerals’ Pilgangoora deposit.

Work has commenced at Murdoch University, funded by a research grant from the Minerals Research Institute of Western Australia.

That work will focus on impurity deportment, and maximising the value of by-product credits.

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Mon, 12 Dec 2016 12:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170290/lithium-australia-advances-commercialisation-of-sileach-process-170290.html
<![CDATA[News - Lithium Australia NL and partner leap out of starting box in Mexico ]]> http://www.proactiveinvestors.com.au/companies/news/170156/lithium-australia-nl-and-partner-leap-out-of-starting-box-in-mexico-170156.html Lithium Australia NL (ASX:LIT) is earning a 49% stake Electra project at Sonora in northwest Mexico, and has an option to extend that to 65% from project owner, Canada’s Alix Resources Corp (AIX-TSX:V).

The early signs are very promising for the joint venture partners, with a third of new samples from lithium-rich clay layers in October 2016 Agua Fria discovery, assay above 1,000 parts per million (ppm) lithium.

The lithium clay horizons now extend around 4.5 kilometres along strike and indicators of up to 800 metres in width.

The partners are planning maiden drilling in the March quarter 2017.

Adrian Griffin, managing director for LIT, commented:

"Fertile clays, within the geological environment of Electra, generally exhibit low lithium grades so to get these remarkable, in excess of 1,000 ppm results, is significant so early in a new project’s life span.

"Grades in the range of 100-200 ppm lithium may be considered to be anomalous but grades in excess of 1,000ppm are often included in resource calculations, so Agua Fria has literally leapt out of the starting blocks on data known to date.

"The drilling outcomes however, will be the real determinant of this prospect’s true potential at depth."


Lithium Australia portfolio

Lithium Australia has projects in the following jurisdictions:

- Western Australia: The Gascoyne; Pilgangoora; Ravensthorpe; Seabrook; Lepidolite Hill; Greenbushes; Lake Johnston; Donnelly River; and Widgiemooltha projects;
- Northern Territory: Bynoe;
- Queensland: Cape York; and
- Mexico: Growing interest in the Electra lithium project.

Within these projects the company has various corporate alliances and joint ventures with Pilbara Minerals Ltd (ASX:PLS), Focus Minerals Ltd (ASX:FML), Alix Resources Corp (CVE:AIX), Cazaly Resources Ltd (ASX:CAZ), Tungsten Mining NL (ASX:TGN), Venus Metals Corporation Limited (ASX:VMC) and Lefroy Exploration Ltd (ASX:LEX).

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Thu, 08 Dec 2016 13:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170156/lithium-australia-nl-and-partner-leap-out-of-starting-box-in-mexico-170156.html
<![CDATA[News - Lithium Australia NL to get priority for shareholders in upcoming IPO ]]> http://www.proactiveinvestors.com.au/companies/news/169568/lithium-australia-nl-to-get-priority-for-shareholders-in-upcoming-ipo-169568.html Lithium Australia NL (ASX:LIT) will give its shareholders priority in the upcoming proposed MetalsTech Ltd initial public offering.

MetalsTech has an interest in six lithium projects located in Quebec, Canada.

Shareholders on the Lithium Australia register as of today will be able to bid for up to 5 million shares set aside on a first come, first served basis.

Allocations will be subject to availability and the MetalsTech directors’ absolute discretion.

Adrian Griffin, managing director, commented: "Lithium Australia has maintained a policy of creating real value for shareholders.

"The MetalsTech priority offer gives Lithium Australia shareholders a priority entitlement to gain exposure to one of the great hard rock lithium provinces – Quebec Canada – which is emerging as a principal building block in the supply chain for the ‘lithium revolution’."

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Mon, 28 Nov 2016 12:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169568/lithium-australia-nl-to-get-priority-for-shareholders-in-upcoming-ipo-169568.html
<![CDATA[News - Lithium Australia NL closes SPP, thanks loyal shareholders ]]> http://www.proactiveinvestors.com.au/companies/news/168979/lithium-australia-nl-closes-spp-thanks-loyal-shareholders-168979.html Eligible shareholders were able to acquire between $2,000 and $15,000 worth of fully paid ordinary shares without incurring brokerage or any other transaction costs, irrespective of the size of their shareholding.

The offer was priced at $0.18 and current indications are that shareholders have subscribed to an estimated 15% of the facility available.

Adrian Griffin, managing director, commented: “Lithium Australia recognises it is often difficult for retail investors to take advantage from discounted capital raisings which, in the most part, remain the realm of sophisticated and professional investors. 

“This SPP has given participants the opportunity to buy at a discount to market and without brokerage. It is a continuation of our policy to reward our very supportive and valued shareholder base.

“We appreciate the response from our loyal shareholders.”

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Tue, 15 Nov 2016 13:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168979/lithium-australia-nl-closes-spp-thanks-loyal-shareholders-168979.html